Argentina inflation expected at 53% in Dec 2019, then 34% in 2020 - treasury officials

Argentina's inflation rate is expected at 53% in December 2019, but will fall back to 34% the following year, according to projections in the forthcoming 2020 budget, treasury officials said on Wednesday. The budget also predicts Argentina's economy to contract by an average of 2.6% in 2019, but to return to growth of 1% in 2020.

The treasury officials, who asked not to be identified, said the budget would be sent to Congress on Sept. 16.

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